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Examples
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However, efforts by regional players such as Nakumatt to implement the necessary innovations and secure the necessary investment to dominate the regional market will face stiff competition from more established South African rivals.
Supermarket Sweep 2010
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Nakumatt chose to emulate an American icon: Kmart.
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Nakumatt has expanded into three neighboring countries while 348-restaurant chain Spur has opened in seven other African countries.
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Mr. Shah is furiously expanding Nakumatt opening five new stores in just the last three months where it today is the dominant supermarket in Kenya.
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Kenya's Nakumatt already employs 3,000 people and this is likely to expand significantly in the coming years.
Supermarket Sweep 2010
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Aiding Nakumatt and others 'cross-border expansion is an African gross domestic product expected to grow 4.3% this year from just under $1.5 trillion in 2009, according to the International Monetary Fund, a clip that trails only China and India among the world's massive emerging markets.
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Kenyan supermarket chain Nakumatt is in talks to sell a 30% stake to selected investors in order to finance a program of regional expansion.
Supermarket Sweep 2010
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The Nakumatt supermarket chain said it was limiting sales of garden tools and kitchen utensils as police investigate reports that youths had bought hundreds of machetes from one of its outlets.
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The Kenyan supermarket Nakumatt, which has 18 stores in Kenya, is set to become East Africa's most wide-reaching mega-retailer with plans to open its first branches outside the country starting in November.
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In Kenya, Nakumatt has grown thanks to the relative financial stability in the largest economy in East Africa which last year grew at the highest rate since 1981, reaching 6.1 percent, the government said Monday.
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